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US first-quarter auto sales get a lift from looming Trump tariffs

  • In March, U.S. Auto sales increased by 13% compared to the previous year, driven by fears of new tariffs on imported vehicles, according to multiple carmakers.
  • Ford reported a 19% increase in March sales, while General Motors saw a 17% rise in first-quarter sales to 693,000 vehicles.
  • As a result of upcoming tariffs, car prices may rise by more than $10,000, presenting a potential burden on consumers, analysts warn.
  • President Donald Trump stated that tariffs of 25% on fully built vehicles would start April 3, while tariffs on auto parts would begin May 3.
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wardsauto.com broke the news in on Monday, March 31, 2025.
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